has trimmed -6 bps off its two year “special” to 4.69%, and it has added a new “special” for a three year term, setting the rate at 4.99%, a report from interest.co.nz said.
According to the report, the three year rate involves a -60 bps drop from their standard rate to 5.49%.
“specials” will be available to customers with at least 20% equity in their property. Clients will need an ANZ
transactional account, with their salary direct credited, and at least one other ANZ
product (like insurance, or a credit card, and the like).
also reduced its two year “special” to 4.69%, a -10 bps drop, BNZ
increased its two year “special” from 4.69% to 4.75%.
has been looking at the recent swap rate changes and seeing these rising over the past few weeks. The two year swap rate is currently at a six week high. Rates for longer terms are gaining faster,” interest.co.nz said.
Low-interest rate, macroprudential policies stabilise financial market
New Zealand's largest home loan lender has reduced two of its “special” fixed mortgage rates.